FARO Technologies (FARO) to Release Earnings on Monday

FARO Technologies (NASDAQ:FARO) will likely be releasing its earnings data after the market closes on Monday, February 24th. Analysts expect FARO Technologies to post earnings of $0.40 per share and revenue of $91.40 million for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

FARO Technologies Trading Down 4.2 %

NASDAQ:FARO opened at $26.66 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.83 and a current ratio of 2.17. The firm has a 50-day simple moving average of $28.40 and a 200-day simple moving average of $23.01. FARO Technologies has a one year low of $13.52 and a one year high of $32.90. The firm has a market cap of $504.41 million, a P/E ratio of -76.17 and a beta of 1.40.

Insider Buying and Selling at FARO Technologies

In other news, Director Yuval Wasserman sold 5,658 shares of the company’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $31.35, for a total value of $177,378.30. Following the sale, the director now directly owns 153,512 shares of the company’s stock, valued at $4,812,601.20. This represents a 3.55 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on FARO shares. Needham & Company LLC upped their price objective on FARO Technologies from $26.00 to $34.00 and gave the stock a “buy” rating in a research note on Thursday, January 16th. Craig Hallum boosted their price objective on shares of FARO Technologies from $30.00 to $33.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Finally, StockNews.com upgraded shares of FARO Technologies from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 12th.

FARO Technologies Company Profile

FARO Technologies, Inc designs, develops, manufactures, markets, and supports software driven three-dimensional measurement, imaging, and realization solutions worldwide. The company offers FaroArm, a combination of a portable articulated measurement arm, a computer, and CAM2 software programs; FARO Laser Tracker, a combination of a portable large-volume laser measurement tool, a computer, and CAM2 software programs; FARO Laser Projector, which provides a virtual template that operators and assemblers can use to position components; FARO Laser Scanning Portfolio to measure and collect a cloud of data points for 3D rendering of an object or area; and FARO Mobile Laser Portfolio provides 3D scanning while attached to other mobile devices, such as drones for metrology, reverse engineering, factory automation, building information modeling, public safety, and other applications.